4 July 2016 Onterran Limited (ASX:OTR) ASX Announcement Further Information Regarding Couran Cove Resort Properties The company requests that it remain in trading halt, however provides some further information about the Couran Cove Resort Properties. As noted in the trading halt request issued to the ASX earlier today, on 29 February 2016 OTR announced a conditional development partnership whereby it was to take a 20 percent stake in the entities owning over 100 existing apartments and land with approval to build approximately 220 houses and apartments (“Couran Cove Resort Properties”). Having conducted extensive due diligence on the Couran Cove Resort Properties, OTR has now reached a conditional agreement to acquire a 100 percent stake in the Couran Cove Resort Properties. To fund this acquisition, OTR intends to raise capital through the issue of redeemable convertible preference shares the details of which are expected to be announced to the market on or before 6 July 2016. Annexed to this letter is a high level snapshot of Couran Cove and the various assets being acquired by OTR. For further information contact: Oliver Schweizer Company Secretary (07) 3668 0660 For personal use only
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Further Information Regarding Couran Cove Resort Properties2016/07/04 · Lot 1-2 on SP 108058 is a Crown Lease for the pontoons (marine facility). Lot 2-3 on SP 108079 is a Crown
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4 July 2016 Onterran Limited (ASX:OTR) ASX Announcement
Further Information Regarding Couran Cove Resort Properties
The company requests that it remain in trading halt, however provides some further information about the Couran Cove Resort Properties. As noted in the trading halt request issued to the ASX earlier today, on 29 February 2016 OTR announced a conditional development partnership whereby it was to take a 20 percent stake in the entities owning over 100 existing apartments and land with approval to build approximately 220 houses and apartments (“Couran Cove Resort Properties”). Having conducted extensive due diligence on the Couran Cove Resort Properties, OTR has now reached a conditional agreement to acquire a 100 percent stake in the Couran Cove Resort Properties. To fund this acquisition, OTR intends to raise capital through the issue of redeemable convertible preference shares the details of which are expected to be announced to the market on or before 6 July 2016. Annexed to this letter is a high level snapshot of Couran Cove and the various assets being acquired by OTR.
For further information contact: Oliver Schweizer Company Secretary (07) 3668 0660
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Couran Cove Island Resort is a 4-star Resort that was completed in 1998 on South Stradbroke
Island, in Queensland. Following are some pertinent facts and pictures of the resort and its
facilities:
� Over $300 million has been spent on infrastructure and construction of the Resort.
� There are 352 apartments and houses in total at Couran Cove.
� Couran Cove has full resort facilities including spa, beach club, restaurants, pools and a
sporting area.
� Onterran is to acquire 98 of the 352 apartments and houses, all of which are located on
the waterfront of a man-made lagoon or the marina.
� A Development Approval is in place to build a further 220 apartments and houses at the
resort.
� Onterran is also acquiring significant leasehold land, held long term with possible
development potential.
In the remainder of this document, we set out the specific assets being acquired by Onterran.
Onterran’s Acquisition of Assets at Couran
Cove Island Resort
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OwnOwnOwnOwnership ership ership ership –––– 55555555x studio apartmentsx studio apartmentsx studio apartmentsx studio apartments
Size Size Size Size –––– 62626262mmmm2222
The Marine Deluxe Apartment is an open plan studio design, with a large waterfront balcony
offering views over the marina with the following specifications:
� Capacity – Sleeps up to 3 adults, or 2 adults and 2 children.
� Bedding – 1 King bed or 2 single beds and 1 sofa lounge.
� Full waterfront views over the Resort marina or lagoon.
� Open plan hotel studio style with semi self-contained kitchenette (2 burner gas cooktop,
microwave and fridge).
Recent rentals: 1-bdrm suites – $170/night, Studio apartments – $140/night
The Eco Lodges development lot is a 14.5-hectare parcel of land in the Banksia forest, located
South East of Couran Cove Island Resort. Through subdivision, 198 apartments can be built on
the Eco Development Lot.
Eco Development Lot F
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Ownership Ownership Ownership Ownership –––– Lot 4 GTP 106808, Lot 33 GTP 106983 and Lot 35 GTP 106984Lot 4 GTP 106808, Lot 33 GTP 106983 and Lot 35 GTP 106984Lot 4 GTP 106808, Lot 33 GTP 106983 and Lot 35 GTP 106984Lot 4 GTP 106808, Lot 33 GTP 106983 and Lot 35 GTP 106984
The Point Lodges development lot is located at the entrance of the marina, to the West of the
Resort.
Point Development lot F
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Ownership Ownership Ownership Ownership –––– Lot 1Lot 1Lot 1Lot 1----2 on SP 108058 and Lot 22 on SP 108058 and Lot 22 on SP 108058 and Lot 22 on SP 108058 and Lot 2----3 on SP 3 on SP 3 on SP 3 on SP 108079108079108079108079 (tied to Lot 3 MCP 106751) (tied to Lot 3 MCP 106751) (tied to Lot 3 MCP 106751) (tied to Lot 3 MCP 106751)
Lot 1-2 on SP 108058 is a Crown Lease for the pontoons (marine facility).
Lot 2-3 on SP 108079 is a Crown Lease for tourism purposes, including the surf club and access road.
Ownership Ownership Ownership Ownership –––– Lot 3 on CP 900215 and Lot 6 on SP 264375Lot 3 on CP 900215 and Lot 6 on SP 264375Lot 3 on CP 900215 and Lot 6 on SP 264375Lot 3 on CP 900215 and Lot 6 on SP 264375
Lot 3 on CP 900215 is tied to CP Lot 10 on MCP 106985 (community property lot) and any other
adjoining properties owned by CCH. It is a permit to occupy for commercial business purposes and
tourism, including public grounds - i.e. picnic grounds.
Lot 6 on SP 264375 is tied to Lot 3 on CP 900215 (above). It is a permit to occupy for commercial
business purposes and tourism public facilities, including sunshades and the sewerage plant.